Buyers put a lot of their focus on the kitchen. After all, it can be one of the most expensive rooms to remodel and its features and conditions can make or break a sale.Designers recently shared a list of the items with realtor.com® that could be subtly sabotaging a kitchen’s attractiveness, including:Fluorescent lighting“Nothing screams ‘cheap kitchen’ more than outdated fluorescent tube lighting with a yellowing plastic cover,”
Technology is entering more bathroom design, and it’s one of the top design trends of the year, according to the 2019 Bathroom Design Trends Study from the National Kitchen & Bath Association. The survey results are based on responses from 583 NKBA members, consisting of designers, remodelers, architects, and product manufacturers.Some of the technology solutions seeing the most growth in popularity are temperature control and thermostat sm
Homeowners are spending more to improve their homes, not necessarily on home maintenance.Homes may be aging in the U.S., but don’t assume the age of a home is prompting more spending. A new report from HomeAdvisor, a home remodeling resource, finds that homeowners spent $3.70 less for every year since a home was built. That means the owner of a 100-year-old home could spend an average of $370 less on emergency home projects per year than t
JD Composites, a Canadian homebuilder, has constructed a three-bedroom home in Nova Scotia that is made of 612,000 recycled plastic soda bottles. But the attention has mostly centered on how the home can withstand extreme winds—even a category 5 hurricane.The builder, which melted thousands of plastic bottles and injected them with gas to form the walls of the home, tested the plastic panels for hurricane resistance and found they could withsta
The build-to-rent market is exploding in growth, CNBC reports. While homebuilding, in general, has underperformed in recent years, one segment of residential construction has seen large growth: Building a home with the intentions of renting it out.In 2017, 37,000 homes were built as rentals; that number rose to 43,000 last year, or just under 5% of total single-family housing starts, the National Association of Home Builders reports. That number
Many homeowners who purchase a fixer-upper say it was because they believed they’d save money. But they actually end up spending about the same or more than if they had opted for a move-in-ready home, according to a new study from Porch, a home remodeling website.Porch surveyed more than 1,000 homeowners about recent repairs to their homes. More than one-third of respondents said they lived in fixer-uppers.On average, respondents who bought a m
While housing affordability has been getting a hand from lower mortgage rates, it wasn’t enough to lift new-home sales last month.Sales of newly built single-family homes underperformed in what is traditionally the busiest time of year in the housing sector. New-home sales dropped 7.8% to a seasonally adjusted annual rate of 626,000 units in May, the U.S. Commerce Department reported Tuesday. The number represents signed contracts, not closings
Fannie Mae and Freddie Mac, the sponsored government enterprises that support the bulk of U.S. mortgages, are making it easier to buy a manufactured home, but observers say not enough of the public may be enticed.A year ago, Fannie Mae debuted a program that essentially regards high-end manufactured homes the same as on-site homes when it comes to financing. Freddie Mac followed suit in the spring. Fannie and Freddie hope that by offering more re
The era of real estate-focused reality television is encouraging too many homeowners to put aesthetics before function in their remodeling projects, industry experts note in a recent Forbes.com article. For example, the trend toward no-door kitchen cabinetry, which has been made popular by home improvement shows, isn’t a smart choice for a homeowner who isn’t a neat freak or who doesn’t have matching dishes.“Everyone wants a kitchen or ba
As homes age, more homeowners are looking to remodeling to spruce up their properties. Of the nation’s stock of 137 million units, nearly 80% are at least 20 years old, and 40% are at least 50 years old.Freddie Mac says its new mortgage product is to help home buyers finance or refinance fixer-uppers. Eligible buyers will be able to finance the purchase of their home and the cost of renovations into a single-close mortgage.“Research indicates
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